James Wynn Opens $100M Bitcoin Long, Market Reacts as Price Slides Toward Liquidation
High-stakes crypto trader James Wynn has made headlines once again—this time by opening a $100 million leveraged long position on Bitcoin, only to see the market turn against him almost immediately.
Wynn, a controversial figure known for swinging massive positions on Hyperliquid, entered a long trade for 945 BTC at 40x leverage, placing his liquidation level dangerously close to current market prices. The move came shortly after he announced he was stepping away from perpetual trading—a statement that proved short-lived.
Price Drops Toward Liquidation Trigger
The moment Wynn’s position went live, Bitcoin's price began dropping, sliding toward his liquidation threshold of around $103,637. This timing has reignited debate over the role of aggressive market makers and their potential to hunt high-profile trades.
“James Wynn opened another $100M BTC long. Within seconds the shady market makers dumped the price towards his liquidation price,” wrote crypto analyst Gordon on X. “Why are they so desperate to see him lose?”
As of now, Wynn’s position is in the red by $1.4 million. Just days ago, his account had reportedly ballooned to an $87 million unrealized gain—underscoring the brutal highs and lows of trading with extreme leverage.
From Public Exit to Another Big Bet
What’s catching even more attention than the trade itself is Wynn’s decision to return so quickly after announcing his exit from the trading scene. In a post made just hours before the latest trade, Wynn wrote:
“I’ve decided to give perp trading a break. Thank you HyperliquidX for your hospitality… Approx $4M into $100M and then back down to a total account loss of $17,500,000.”
Despite this farewell, he returned with what might be his riskiest trade yet.
Wynn responded to the market action with frustration, saying, “The moment I entered my long, they hunted me. There is an agenda here and I don’t know what it is. Maybe it’s because I’m a fish playing a whales’ game—or maybe it’s because I’m bringing attention to Hyperliquid.”
A Lightning Rod for Market Speculation
Wynn’s trades have become something of a spectacle within the crypto community. His bold strategy, willingness to ride enormous swings, and openness on social media have earned him both admiration and skepticism.
While some traders view Wynn’s experience as a cautionary tale of over-leveraging, others see him as a gladiator battling unseen forces in a market that often punishes visibility.